Paul is the owner ofTen nio and is wondering what impact T ennio's mobile experience is having on revenue.Paul understands that they can calculate the mobile conversion rate(mCvR).T ennio receives 200,000 clicks witham CvR of 1%.The average order valueis$200.How much revenue does T ennio's mobile experience create?
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Correct answer: $400,000.
Why this is the answer
Tennio's mobile experience creates$400,000 in revenue because the mobile conversion rate(mCvR)indicates that 1%of the200,000 clicks result in a purchase.To calculate the number of conversions,you multiply 200,000 clicks by 1%,which equals 2,000 conversions.Since the average order value is$200,you then multiply the number of conversions(2,000)by the average order value ($200),resulting in$400,000 in revenue.This calculation highlights the significant impact of the mobile experience on overall sales.
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